Banco Bilbao Vizcaya Argentaria SA won the bidding to take over ailing Texas lender Guaranty Financial Group Inc., people familiar with the matter said, becoming the second Spanish bank to buy a U.S. lender this year.
Yay, now Guaranty can finally fail!
If regulators were to seize Guaranty, it would be the ninth biggest lender to fail in U.S. history, based on its assets and data compiled by the FDIC.
Joke’s on you! The FDIC has no money! Also, what do you mean “were to seize?” From a legal standpoint, it’s much more practical to do it through a seizure.
This leaves Corus in the fail queue with significant unknown.
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